Brazil’s corn exports to Egypt alone grossed USD 1.1 billion in 2024.
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In a phone conversation, the two heads of state also discussed the fight against hunger and the visit of the Arab country’s leader to Brazil later this year.
The trade balance was boosted by a similar percentage increase in exports from both countries. Kuwait supplies mainly oil to the Brazilian market. Brazil exports chicken meat.
President Lula said during the Mercosur Summit in Montevideo that negotiations with the Arab country are progressing rapidly and are expected to be concluded by next year.
Emad Orfaly has been in São Paulo for a month. During a visit to the Arab-Brazilian Chamber of Commerce, he discussed opportunities to expand and diversify trade between the two countries.
A dinner in Brazil’s capital brought together politicians and officials. In his speech, the UAE Ambassador to Brazil, Saleh Alsuwaidi, noted that his country is home to 13,000 Brazilians.
The government has reduced or lifted tariffs on items including cancer drugs, wind turbine blades, tires, and pesticides.
Saudi Arabia has opened its market to flower imports from Brazil, but sales to Arab countries must overcome distance and cost challenges, says director of Ibraflor.
Speeches and discussions reaffirm the need to strengthen and integrate trade exchanges. The UAE minister participated in a panel. The vice president of Brazil delivered a speech.
Brazil’s year-to-date exports to the Middle East and North Africa grossed USD 17.7 billion through September, up 25% from the same period last year. The performance is on track for a new record.
A major exporter of oil and gas, the Arab country recorded a trade surplus. Top imports were mineral products and machinery.
The Arab-Brazilian Chamber of Commerce paid the fee for companies from Rio Grande do Sul that were registered to participate in the B2B meetings with importers from Muslim-majority countries before the climate tragedy the state went through. The goal was to create business opportunities and help reinvigorate the economy.
The top destination in Africa of Brazilian agribusiness goods in the first half of the year, Egypt has dramatically stepped up its purchases of sugar and soybean from the Latin American giant. On the other hand, Egypt supplies a significant volume of fruits to Brazil.
“Neurosciences applied to business” and “Learn how to negotiate with the Arab world” kicked off the ABCC Connects, a lecture series to debate topics that are key to success in business.
